Intel stock extends gains after report of possible U.S. government stake
Investing.com -- Paccar (NASDAQ:PCAR), the manufacturer of Kenworth and Peterbilt trucks, will lay off at least 175 workers at its Sainte-Thérèse, Quebec plant next month as it faces weakening market conditions.
The job cuts, scheduled to take effect August 4, come on top of 250 positions eliminated in December, according to Bloomberg, citing Unifor, the union representing workers at the facility.
Union officials attributed the layoffs to "an uncertain economic climate, exacerbated in part by US tariffs," which has led to declining production volumes. Part of the Quebec plant’s production will be transferred to the United States.
The Sainte-Thérèse facility, which manufactures light- and medium-duty trucks, has seen its daily production decrease from a capacity of 90 trucks to 60 trucks per day at the end of June. Output will further decline to 50 trucks daily in August.
According to union information, the plant currently employs between 900 and 1,000 workers. The facility exports the majority of its production to the U.S. market.
Unifor has called on Canadian governments to implement measures supporting the purchase of trucks manufactured in Canada.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.